Post Utme Bsu 2024 Accounting Question 26

Practice objective / multiple choice question 26 from the 2024 Post Utme Bsu Accounting examination.

Post Utme Bsu 2024 Accounting Objective / Multiple Choice
Question 26 POST_UTME_BSU • 2024 • ACCOUNTING • objective

A company issues 10,000 shares of N5 each at a premium of N2 per share. The issue expenses amount to N20,000. Calculate the total amount received from the issue of shares.

Answer Options

A. ₦500,000
Correct Answer B. ₦520,000
C. ₦540,000
D. ₦560,000
Correct Answer
B
Correct Option:
₦520,000

About This Question

This is Post Utme Bsu 2024 Accounting Question 26. It is one of the objective questions from the 2024 Post Utme Bsu Accounting examination.

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